US Flood Risk & Cost of Insurance

About

Access extensive data on the risk-dependent expense of insurance for properties situated in climate-sensitive zones, with a specific emphasis on coastal and flood-prone areas. This dataset offers valuable insights into the financial aspects of insurance expenses, encompassing periods both pre and post government subsidies administered through FEMA (Federal Emergency Management Agency). Updated on an annual basis, the dataset for the year 2023 elucidates various facets, including subsidy figures, policy types under consideration, and the distinct flood hazards associated with each ZIP code.

Dataset Components:

• Each ZIP code's risk profile undergoes thorough analysis, highlighting the specific flood perils associated with the area.
• This includes detailed insights such as the likelihood percentage of coastal flood, inland flood, and other related risks.
• Detailed information is provided on the extent of government subsidies facilitated by FEMA for properties situated in high-risk areas.
• This includes comparative data on insurance costs before and after subsidies are applied.
• Encompassing various policy types considered for subsidized amounts, the dataset provides a nuanced understanding of the insurance landscape in climate-prone regions.

Primary Fields Included:

• Zip Codes
• Aterio Unique ID
• County
• City
• CBSAs
• State
• Latitude/Longitude

Business Needs:

Risk Assessment and Mitigation

• Assess the financial impact of climate-related risks on property insurance costs
• Evaluate the effectiveness of government subsidies in mitigating insurance costs

Insurance Pricing and Underwriting

• Inform insurance pricing models by incorporating location-specific risk factors
• Enhance underwriting processes by considering climate-related perils and government subsidies
• Develop tailored insurance products for coastal and flood-prone regions

Real Estate Investment and Development

• Conduct due diligence on potential real estate investments in climate-prone areas
• Evaluate the long-term financial viability of properties based on insurance costs

Disaster Preparedness and Emergency Planning

• Identify areas with high flood risks and prioritize emergency response efforts
• Develop disaster preparedness plans based on location-specific risk profiles
• Allocate resources effectively for disaster mitigation and recovery efforts

Policy Analysis and Advocacy

• Evaluate the effectiveness of government subsidies and insurance policies
• Inform policy discussions and advocate for sustainable insurance practices
• Analyze the impact of climate change on insurance affordability and accessibility

Academic Research and Environmental Studies

• Facilitate research on the economic impacts of climate change and natural disasters
• Contribute to environmental studies by providing data on climate-related risks

Why Choose Aterio ?

• Geographical Focus: The dataset centers on areas susceptible to climate-related risks, with a primary focus on coastal and flood-prone regions.

• Yearly Updates: The dataset is updated annually, ensuring users have access to the latest information and trends in insurance costs and government interventions.